Saudi Arabia and Russia. the two largest producers in the OPEC coalition. voiced concerns that falling oil demand could send prices below $40 bbl as they met in Moscow.
Read More »The Bearish Threat Within OPEC
After a prolonged oil price plunge. pushing price levels down to around $59 Brent per barrel. signs are showing that the market believes the downward trend has overshot its target.
Read More »Putin Highlights Differences with Saudis as OPEC Decision Looms
A year ago. in the enduring twilight of one of St. Petersburg’s famous white nights of summer. Saudi Arabia and Russia reached an agreement that set a new direction for the oil market.
Read More »Russia Sees $60 Oil Satisfactory
Due to the production cuts. Russia’s economy is expected to grow by just 1.2 percent in 2019.
Read More »Sechin: Oil Contamination had Negative Impact
Pipeline monopoly Transneft had assured Rosneft it would be compensated for all losses from the oil contamination.
Read More »Oil Down amid Rise in US Inventories
OPEC. together with its allies. has been withholding production since the start of the year to prop up the market.
Read More »Russia’s Dirty Oil Crisis Is Worse than almost Anyone Predicted
Druzhba usually supplies up to 1.5mn barrels a day of Russia’s benchmark Urals blend into central Europe.
Read More »Russia’s Largest Petrochemical Project Declared Unprofitable
Rosneft has abandoned its plans to invest in the Eastern Petrochemical Complex (EPC) in the Far East.
Read More »Gazprom Retains Leadership Among Russian Companies in Forbes Global 2000
ICBC. China’s bank. is topping the Global 2000 ranking for the seventh year in a row.
Read More »US Oil Embargo will See Venezuela Turn to China. Russia
Venezuela had its eyes on India to try to make up its shortfall.
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